Monday, April 9, 2007

MedImmune sees 1st-quarter profit nearly tripling

(Reuters) - Geoff Meacham, an analyst at JP Morgan, said MedImmune has historically had a number of problems with Synagis in connection with reimbursement and prior authorization.

"As such, we suspect the first-quarter strength has more to do with inventory stocking rather than resolution of these intermediate to longer term issues," he said in a research report.


Read more at Reuters.com Business News

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